hisah wrote:@obiero, yes they are. But I'm looking at the CDC moves both in I&M and ARM.
@Hisah - Are you sure? [I need to recheck] There's I&M Bank and I&M Holdings.
I&M Bank = Kenya + TZ
I&M Holdings = I&M Bank + I&M Rw + Bank One
They have been moving the subsidiaries out, one at a time, from "Bank" to "Holdings" ... I think Bank One Mauritius was first, then RW. It seems TZ will be done in 2017.
Nevertheless, please check and let me know if you see any weakness through 2Q 2016 YOY and QOQ [bearing in mind not all Qs are the same]. I expect 3Q y-o-y to be the same but like many banks 4Q will take a hit post-capping.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett